MTC metalstech limited

MTC: A New Look, page-2

  1. 5,505 Posts.
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    Jarama you stopped posting at the same time it appears someone must have had a meltdown and halted the cobalt drilling campaign befote it was completed without announcing it to the market which seems like a glaring breach of the disclosure duties of directors of public companies. If ASIC haven't had this company on their radar yet it's only a matter of time in my opinion. Have we had an announcement that the drillimg previously announced for Bay Lake had been cancelled? It was cancelled wasn't it? Someone appears to have jumped in and taken over after the drilling at Bay Lake North and as a.result our 2 executives left the company, legal claims have been lodged for someone's unpaid salaries,it appears we cancelled the drilling at Bay Lake and there's a dispute with the geological consultants resulting in us not receiving assay results. I don't blame you for stopping posting after that, I just wish we had all been told this was what was occurring with the cobalt campaign. It was not disclosed. We only just found out.

    I believe the target at Cancet was estimated before the drilling there, which we halted over a year and a half ago.
    If that now historical drilling suggested the target was attainable surely we would have continued proving it up, which is what BCC invested specifically for. You don't stop drilling and drill something else instead if you're convinced there's a bonanza there.

    Isn't the biggest issue AVZ faces the fact there is no infrastructure near it's tenement and they would have to build very expensive roads and rail lines which severely affects the economics of the project?

 
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Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $27.13M
Open High Low Value Volume
13.0¢ 13.0¢ 13.0¢ $38 295

Buyers (Bids)

No. Vol. Price($)
2 78727 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 257858 2
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Last trade - 10.54am 26/06/2025 (20 minute delay) ?
MTC (ASX) Chart
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